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PNSC Declared Strategic SOE: Privatization Postponed to Safeguard National Security and Economic Stability

PNSC Declared Strategic SOE: Privatization Postponed to Safeguard National Security and Economic Stability

The federal government has officially shelved plans to privatize the Pakistan National Shipping Corporation (PNSC) through a public offering. This decision stems from PNSC's strategic importance to national security, economic stability, and its critical role in the maritime sector.   Established under the Pakistan National Shipping Corporation Ordinance 1979, PNSC is a key state-owned enterprise…

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IMF Tax Conditions on Agricultural Income Delayed to July 2025

IMF Tax Conditions on Agricultural Income Delayed to July 2025

The implementation of the IMF-mandated condition to impose income tax on agricultural income in Pakistan has been postponed to July 2025. Under the National Fiscal Pact, provinces are expected to impose these taxes starting from the next fiscal year. The federal government has sought additional time from the International Monetary Fund (IMF) to meet these…

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